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Higher profits
Profit before tax for non-financial limited companies totalled NOK 850 billion in 2012, which is the highest since 2007.
NOK million | Per cent | ||
---|---|---|---|
2012 | 2011 | 2011 - 2012 | |
Income statement | |||
Operating income | 4 844 104 | 4 662 503 | 3.9 |
Operating profit | 604 206 | 619 628 | -2.5 |
Operating profit before tax | 849 898 | 714 462 | 19.0 |
Net profit | 499 250 | 358 325 | 39.3 |
Balance sheet | |||
Fixed assets | 6 993 640 | 6 604 059 | 5.9 |
Current assets | 2 795 880 | 2 772 700 | 0.8 |
Equity | 4 030 086 | 3 883 398 | 3.8 |
Liabilities | 5 759 434 | 5 493 361 | 4.8 |
Per cent | Percentage points | ||
Key figures | |||
Operating profit margin | 12.5 | 13.3 | -0.8 |
Return on total assets | 10.2 | 9.2 | 1.0 |
Return on equity | 12.5 | 9.3 | 3.2 |
Equity ratio | 41.2 | 41.4 | -0.2 |
Operating profit in 2012 decreased by NOK 16 billion to NOK 604 billion from 2011. Net financial items rose by NOK 151 billion, amounting to NOK 246 billion in 2012.
Greater increase on mainland Norway
Profit before tax on mainland Norway stood at NOK 395 billion. The corresponding figure for petroleum activities and ocean transport was NOK 455 billion. Profit before tax increased on mainland Norway by NOK 108 billion, while increasing by just NOK 28 billion in petroleum activities and ocean transport.
Higher return on equity
In 2012, net profit rose from NOK 358 billion to NOK 499 billion from 2011. Only in 2006 and 2007 was net profit higher. Return on equity was 12.5 per cent in 2012, up from 9.3 per cent in 2011. Return on equity in per cent was 10.8 per cent on mainland Norway, compared to 17.1 per cent in petroleum activities and ocean transport. Mainland Norway had a higher percentage increase in return on equity.
Changes in the statistical basis Open and readClose
A new institutional sector classification was introduced as from fiscal year 2012, with the result that the figures are not entirely comparable with the figures for previous years. The introduction has affected the demarcation between financial and non-financial enterprises, resulting in enterprises in portfolio investments being moved from non-financial limited companies. Owing to the new sector classification, some changes were made in industrial classification, which may have an impact on the comparability of the figures broken down by industry.
Find more figures
Find detailed figures from Accounting statistics for non-financial limited companies
Contact
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Mihret Shimay
E-mail: mihret.shimay@ssb.no
tel.: (+47) 94 84 03 94
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Hieu Minh Tran
E-mail: hieu.tran@ssb.no
tel.: (+47) 46 67 66 50